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Side-by-side financial comparison of REV Group, Inc. (REVG) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $664.4M, roughly 1.2× REV Group, Inc.). REV Group, Inc. runs the higher net margin — 4.3% vs -1.5%, a 5.8% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 11.1%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $53.7M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 6.5%).
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Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
REVG vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $664.4M | $788.1M |
| Net Profit | $28.9M | $-11.6M |
| Gross Margin | 15.4% | 76.6% |
| Operating Margin | 7.1% | -4.6% |
| Net Margin | 4.3% | -1.5% |
| Revenue YoY | 11.1% | 25.5% |
| Net Profit YoY | -30.7% | 3.6% |
| EPS (diluted) | $0.57 | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $664.4M | $788.1M | ||
| Q3 25 | $644.9M | $719.2M | ||
| Q2 25 | $629.1M | $678.0M | ||
| Q1 25 | $525.1M | $647.9M | ||
| Q4 24 | $597.9M | $628.0M | ||
| Q3 24 | $579.4M | $592.9M | ||
| Q2 24 | $616.9M | $553.2M | ||
| Q1 24 | $586.0M | $525.0M |
| Q4 25 | $28.9M | $-11.6M | ||
| Q3 25 | $29.1M | $-17.6M | ||
| Q2 25 | $19.0M | $-4.1M | ||
| Q1 25 | $18.2M | $-7.7M | ||
| Q4 24 | $41.7M | $-12.1M | ||
| Q3 24 | $18.0M | $-14.9M | ||
| Q2 24 | $15.2M | $19.1M | ||
| Q1 24 | $182.7M | $-28.5M |
| Q4 25 | 15.4% | 76.6% | ||
| Q3 25 | 15.8% | 76.1% | ||
| Q2 25 | 15.2% | 77.0% | ||
| Q1 25 | 13.3% | 77.1% | ||
| Q4 24 | 13.2% | 77.5% | ||
| Q3 24 | 13.5% | 78.0% | ||
| Q2 24 | 12.5% | 78.6% | ||
| Q1 24 | 10.7% | 77.7% |
| Q4 25 | 7.1% | -4.6% | ||
| Q3 25 | 8.8% | -4.5% | ||
| Q2 25 | 7.9% | -3.7% | ||
| Q1 25 | 5.3% | -6.2% | ||
| Q4 24 | 5.8% | -4.9% | ||
| Q3 24 | 4.9% | -4.5% | ||
| Q2 24 | 3.7% | -0.5% | ||
| Q1 24 | -1.1% | -8.7% |
| Q4 25 | 4.3% | -1.5% | ||
| Q3 25 | 4.5% | -2.4% | ||
| Q2 25 | 3.0% | -0.6% | ||
| Q1 25 | 3.5% | -1.2% | ||
| Q4 24 | 7.0% | -1.9% | ||
| Q3 24 | 3.1% | -2.5% | ||
| Q2 24 | 2.5% | 3.5% | ||
| Q1 24 | 31.2% | -5.4% |
| Q4 25 | $0.57 | $-0.07 | ||
| Q3 25 | $0.59 | $-0.11 | ||
| Q2 25 | $0.38 | $-0.03 | ||
| Q1 25 | $0.35 | $-0.05 | ||
| Q4 24 | $1.03 | $-0.08 | ||
| Q3 24 | $0.35 | $-0.09 | ||
| Q2 24 | $0.28 | $0.12 | ||
| Q1 24 | $3.06 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.7M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.3M | $2.0B |
| Total Assets | $1.2B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $1.3B | ||
| Q3 25 | $36.0M | $2.4B | ||
| Q2 25 | $28.8M | $2.0B | ||
| Q1 25 | $31.6M | $1.8B | ||
| Q4 24 | $24.6M | $1.6B | ||
| Q3 24 | $50.5M | $1.4B | ||
| Q2 24 | $38.2M | $1.3B | ||
| Q1 24 | $87.9M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $416.3M | $2.0B | ||
| Q3 25 | $387.3M | $1.8B | ||
| Q2 25 | $357.8M | $1.8B | ||
| Q1 25 | $428.8M | $1.6B | ||
| Q4 24 | $435.1M | $1.4B | ||
| Q3 24 | $394.6M | $1.3B | ||
| Q2 24 | $379.7M | $1.1B | ||
| Q1 24 | $496.1M | $958.9M |
| Q4 25 | $1.2B | $6.5B | ||
| Q3 25 | $1.2B | $6.4B | ||
| Q2 25 | $1.2B | $5.3B | ||
| Q1 25 | $1.2B | $5.0B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $1.3B | $4.7B | ||
| Q2 24 | $1.3B | $4.2B | ||
| Q1 24 | $1.4B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $76.9M | $448.3M |
| Free Cash FlowOCF − Capex | $53.7M | $431.0M |
| FCF MarginFCF / Revenue | 8.1% | 54.7% |
| Capex IntensityCapex / Revenue | 3.5% | 2.2% |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $190.0M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.9M | $448.3M | ||
| Q3 25 | $60.3M | $250.6M | ||
| Q2 25 | $117.0M | $211.1M | ||
| Q1 25 | $-13.1M | $179.4M | ||
| Q4 24 | $68.6M | $331.3M | ||
| Q3 24 | $14.4M | $203.6M | ||
| Q2 24 | $40.1M | $173.4M | ||
| Q1 24 | $-69.7M | $142.1M |
| Q4 25 | $53.7M | $431.0M | ||
| Q3 25 | $48.7M | $190.6M | ||
| Q2 25 | $105.6M | $138.9M | ||
| Q1 25 | $-18.0M | $164.4M | ||
| Q4 24 | $63.3M | $314.3M | ||
| Q3 24 | $8.5M | $154.2M | ||
| Q2 24 | $34.2M | $137.8M | ||
| Q1 24 | $-80.2M | $111.2M |
| Q4 25 | 8.1% | 54.7% | ||
| Q3 25 | 7.6% | 26.5% | ||
| Q2 25 | 16.8% | 20.5% | ||
| Q1 25 | -3.4% | 25.4% | ||
| Q4 24 | 10.6% | 50.1% | ||
| Q3 24 | 1.5% | 26.0% | ||
| Q2 24 | 5.5% | 24.9% | ||
| Q1 24 | -13.7% | 21.2% |
| Q4 25 | 3.5% | 2.2% | ||
| Q3 25 | 1.8% | 8.3% | ||
| Q2 25 | 1.8% | 10.6% | ||
| Q1 25 | 0.9% | 2.3% | ||
| Q4 24 | 0.9% | 2.7% | ||
| Q3 24 | 1.0% | 8.3% | ||
| Q2 24 | 1.0% | 6.4% | ||
| Q1 24 | 1.8% | 5.9% |
| Q4 25 | 2.66× | — | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | 6.16× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | 1.65× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 2.64× | 9.07× | ||
| Q1 24 | -0.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REVG
| Specialty Vehicles | $507.4M | 76% |
| Recreational Vehicles | $157.2M | 24% |
ZS
Segment breakdown not available.
